Submitted by Energy Gadfly on Mon, 04/09/2012 - 15:16
Re: Who takes the gold for tax avoidance in 2011?
The article above is about US corporations. I was curious to know how some of our Canadian companies stacked up, especially resource companies acting in BC. If you're an average working stiff breaking your back to pay taxes in Canada, you may not want to read beyond here.
| Resource Companies |
Revenues (billions) |
Taxes (millions) |
|---|---|---|
| Canfor | $2.4 | $21 |
| Enbridge | $19.4 | $568 |
| Encana | $8.5 | -$126 |
| Imperial Oil | $30.5 | $1,035 |
| Teck | $11.5 | $93 |
| Non-Resource Companies |
||
| BCE | $19.5 | $720 |
| Magna | $28.7 | $202 |
| Telus | $10.4 | $376 |
These figures are from consolidated financial statements for the 2011 fiscal year. Teck's statements are less easy to understand with respect to taxes than the others, although all of them are gaming taxes in a multitude of ways.
